Hello I'm curious if this strategy is theoretically possible to expand super fast wealth as below:For example, I buy a rental property for $70,000 in cash and then immediately did a cash-out refinance to get $56,000 in cash (I know usually it takes 3-6 months season to cashout refi, but as long as one lender is able to do refinance it) I then use $24,000 of the $56,000 I borrow as a 20% down payment to buy a $120,000 rental property.

I'm eager to connect and collaborate with fellow enthusiasts in the California market, whether you're new like me or a seasoned pro.

The issue, of course, is that renting close to a college/university is highly seasonal in that students want housing mostly for the beginning of the fall semester. 

Second:  There are farms that sell shares of certain plots of land for a season (CSA).

Whether you’re a seasoned investor, a first-time homebuyer, or someone just curious about the trends, this report will provide you with actionable insights and a hopeful outlook.Single Family Homes: A Thriving MarketApril 2024 has been a stellar month for single-family homes in Miami.

I just need to hear some stories from people who have been through similar seasons and come out the other side still wanting to own real estate. 

Many lenders are requiring longer seasoning requirements, will ask for a second appraisal, and will cut value if the comps on the appraisal do not support the value of the property.

"Most" water damage claims can be fixed and closed within a few weeks or months, where a fire claim "may" take 6 months to 1 year to close out due to more extensive construction, delays in materials or labor, weather/seasonal delays, etc. 

Are you looking to rent it our annually or seasonally? 

My market is seasonal and I was begging for enough revenue just to cover my mortgage so I wouldn't have to pay my own rent AND a mortgage.